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later in the program. >> ohio, colorado, florida, those are the three, i think. >> i bet a lot of global investors are googling the u.s. state map this morning. >>> there is a plan known as the fiscal cliff and automatically triggered $600 billion of tax hikes and spending cuts which would send the u.s. into a recession. >> in this animation, eamon javers has explained the fiscal cliff and gives a couple scenarios for avoiding it. >> the u.s. is barreling towards the fiscal cliff, that's when come on on 2013, mandatory budget cuts and tax increases kick into reduce the deficit by $560 billion. the map drawn by congress leads to automatic cuts next year of $27 billion each in defense and nondefense spending and another $12 billion in cuts to medicare. but here's what lowers the deficit most. higher taxes. all the bush tax cuts go away and a 2% payroll tax comes back. all this coming at once would put the economy in a recession. congress and the president could still take an off-ramp and avoid the cliff, but that would mean tough compromises to raise taxes or lower spending. the other alte
decisive. florida remains a toss-up. clearly not going to make a difference to the overall outcome. 270, that was the number to reesm we knew once we started to get the results from ohio, that it was going in barack obama's way decisively. yes, 303 to barack obama 206 to mitt romney. >> but the race for the white house wasn't the only major contest as control of congress was also up for grabs. the democrats held on to the senate picking up two additional seats in massachusetts, where elizabeth warren beat the incumbent scott brown. in indiana, congressman joe donnelly beat the controversial richard mourdock. congress remains divides republicans maintain their control over the house of representatives. romney's running mate paul ryan won his re-election campaign for his house seat. >> joining us for more analysis is ron freeman. ron, good morning. >> good morning, kelly. >> ron, what's your initial reaction here to the outcome? what's the biggest impact this is going to have on policy? >> i think the biggest impact it will have on policy is we have a president we know well. we know what
lustig claims you can improve your chances. he says he's won millions in the florida lottery and has even written a book. his tips, buy as many tickets as you can afford and pick your own numbers. don't let the machine do it. >> it's all about what numbers, how do i pick the best numbers, what's the secret to picking the numbers. there is no secret. >> the odds may be long, but people keep hoping they'll be that one in 175 million. >> it's always a dream. always a dream. >> the key question, of course, is whether you're going to play. one of our viewers has tweeted in to say that playing the power ball is a tax on the mathematically challenged. i'm in. another disagrees. he says a dollar in apple stock eventually becomes $2 versus zero in power ball. not sure if it's conventional wisdom that a dollar in apple doubles. maybe that's a bit of a warning sign for the shares. but in any case what are you going to do with your dollar? are you going to put it in the powerball? put it in the stock market? e-mail us, you can tweet us. >>> and stick around, because coming up, the world's top auto ma
Search Results 0 to 2 of about 3